Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Rosewater Foundation]

Steal might be the wrong word. Let me think of a less emotively charged verb.
Edited:

[mymenace]

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

Now this is how to create a bitcoin evolution

[HairyMaclairy]

If anyone has any insights into conversion of BTC to sBTC (RSK token) and vice versa please share. The white paper says it will be value pegged but I am not so sure of that.

[Wekkel]

The white papers look ok to my untrained eye. Basically, Bitcoin holders do not have to do anything; the RSK protocol will simply be released and available for anyone to use.

The thing I do not fully understand is whether locking in a Bitcoin to the RSK sidechain and taking it out again comes with Bitcoin fees. If that’s the case, the RSK Network would seem similar to a token not connected to the Bitcoin protocol but pegged price-wise to the Bitcoin price on a 1:1 basis.

The proposed ticker SBTC has already been ursurped by Super Bitcoin (SBTC).

For more about RSK see: http://www.rsk.co/

Exciting times.

[Rosewater Foundation]

For more about SBTC see the Yobituary.
https://yobit.net/en/trade/SBTC/BTC
Currently trading at 1% of a Bitcoin.

[TERA2]

I want to say something bearish but I cant think of anything at the moment.

[mymenace]

I want to say something bearish but I cant think of anything at the moment.

RSK

smart contracts

[Rosewater Foundation]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

[RobSteward]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[mymenace]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

More likely when the time is wrong

[TERA2]

I believe I've made far more collect correct calls recently than incorrect ones.

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

[flynn]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

Noo no. TERA is the only perpetual bear I can bear.

[TERA2]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

[TERA2]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

Well it's true that Bitfinex was begin glitchy that day before but that doesn't have much to do with anything else I've said

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

I wasn't even awake during that time. Am I obligated to call every bottom? That's a lack of a call, not a wrong call.

You subsequently painted it as some kind of technical error to be ignored and the fact that the market recovered from that was deemed by you to be irrelevant as it was headed down anyway.

Well it's true that Bitfinex was begin glitchy that day before but that doesn't have much to do with anything else I've said

The point is you didn’t subsequently acknowledge that as the bottom, you claimed it would go lower and it didn’t

[TERA2]

I still think it's going to go lower, eventually.

Whether it goes back up to 16.5K, 20K, or even 30K, theres still plenty of room for a further drop below 10600 afterwards

There wasnt enough volume at the 10600 for that to be the capitulation or anything.